Burberry plans to cut 400 jobs
09.07.2024 595

Burberry plans to cut 400 jobs

Burberry is set to cut 400 jobs as part of a cost-cutting plan to offset falling profits. The layoffs are expected to mainly affect the company's UK offices.

The company's adjusted operating profit for the 2023/24 financial year fell by 25% to £418 million before currency fluctuations. Revenue was flat at £2,97 billion. The brand's sales are declining in America. Sales in Europe and the Asia-Pacific region are largely supported by tourism, led by customers from mainland China.

Burberry had 2023 full-time employees in the 2024-9169 financial year, according to the company's latest annual report.

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Burberry is set to cut 400 jobs as part of a cost-cutting plan to offset falling profits. It is expected that layoffs will mainly affect the company’s offices in…

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